Lewes, Delaware, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Global Immersion Cooling Market Size is projected to grow at a CAGR of 22.50% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 293.77 Million in 2024 and is expected to reach USD 1489.68 Million by the end of the forecast period.
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Browse in-depth TOC on “Global Immersion Cooling Market Size”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| GROWTH RATE | CAGR of ~22.50% from 2024 to 2031 |
| BASE YEAR FOR VALUATION | 2024 |
| HISTORICAL PERIOD | 2021-2023 |
| FORECAST PERIOD | 2024-2031 |
| QUANTITATIVE UNITS | Value in USD Million |
| REPORT COVERAGE | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| SEGMENTS COVERED |
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| REGIONS COVERED |
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| KEY PLAYERS | LiquidStack, Fujitsu, Green Revolution Cooling, Submer, Asperitas, Midas Green Technologies, Iceotope Technologies, LiquidCool Solutions, DUG Technology, DCX. |
| CUSTOMIZATION | Report customization along with purchase available upon request |
Immersion Cooling Market Overview
Rising Data Center Power Densities: Data centers are increasingly adopting immersion cooling to efficiently manage thermal conditions, as the demand for data-intensive applications continues to grow. This shift improves operational efficiency, fueling the growth of the Immersion Cooling Market as businesses strive to maximize performance and minimize downtime.
Demand for High-Performance Computing: With the growing dependence of industries on high-performance computing for complex simulations and AI applications, the demand for dependable cooling solutions becomes more crucial. Immersion cooling is able to meet these demands, driving market growth by offering cooling capabilities that surpass traditional methods.
Energy Efficiency and Sustainability Goals: Given the growing emphasis on sustainability, businesses are increasingly adopting immersion cooling due to its positive impact on energy efficiency. This trend is in line with the Immersion Cooling Market, as organizations strive to decrease their carbon footprint and operational expenses, in accordance with worldwide environmental objectives.
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High Initial Costs: The Immersion Cooling Market encounters obstacles due to the substantial initial investment needed for installation. The financial obstacle can discourage potential adopters, causing a slowdown in market growth as companies consider the long-term advantages in comparison to the initial costs.
Complex Implementation Processes: Specialized knowledge is necessary for the setup and maintenance of immersion cooling systems due to their intricate nature. The complexity involved in this can be a hindrance, as it may cause businesses to be hesitant in adopting immersion cooling solutions due to the lack of necessary expertise, which in turn affects the expansion of the market.
Lack of Standardization: The lack of standardized protocols and guidelines in the Immersion Cooling Market leads to uncertainty and impedes widespread adoption. Companies may be hesitant, concerned about potential compatibility and performance issues that could impede market growth as the industry works towards establishing consistent standards.
Geographic Dominance:
North America has a strong hold on the immersion cooling market, thanks to its well-developed data center infrastructure, widespread use of cloud computing, and substantial investments in state-of-the-art technologies. This regional dominance boosts market growth by encouraging innovation, attracting major industry players, and promoting economies of scale. In addition, the presence of major tech companies and favorable regulatory environments contribute to the growth of the market. This leadership role promotes worldwide acceptance and establishes industry benchmarks, driving market expansion even further.
Immersion Cooling Market Key Players Shaping the Future
Major players, including LiquidStack, Fujitsu, Green Revolution Cooling, Submer, Asperitas, Midas Green Technologies, Iceotope Technologies, LiquidCool Solutions, DUG Technology, DCX. and more, play a pivotal role in shaping the future of the Immersion Cooling Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Immersion Cooling Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Immersion Cooling Market into Product, Application, Cooling Liquid, And Geography.
- Immersion Cooling Market, by Product:
- Single-Phase
- Two-Phase
- Immersion Cooling Market, by Application:
- High-performance Computing
- Edge Computing
- Cryptocurrency Mining
- Artificial Intelligence
- Immersion Cooling Market, by Cooling Liquid:
- Mineral Oil
- Fluorocarbon-based Fluids
- Deionized Water
- Immersion Cooling Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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